Employment Tax

FICA Tax: Federal Insurance Contributions Act
Federal Insurance Contributions Act tax paid by both employees and employers to fund Social Security and Medicare.
Form 940: IRS Form for Reporting Annual FUTA Tax
Form 940 is the IRS form that employers use to report and pay their annual Federal Unemployment Tax (FUTA). This form plays a crucial role in the administration of unemployment benefits to workers.
AUTOGEN: Automated Generation of Federal Tax Deposit Coupon
The AUTOGEN (Automated Generation of Federal Tax Deposit Coupon) form is a document mailed by the IRS to a taxpayer to accompany the employment tax deposit at any Federal Reserve Bank.
Quarterly Returns: Employment and Estimated Tax Returns
Detailed explanation of quarterly returns, including employment and estimated tax returns, such as Forms 941, 942, and 943, and state unemployment tax returns, due quarterly to report gross wages paid and withholdings of income tax, Social Security tax, and Medicare tax.

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